Money Laundering Cases Up 15%
Japan is not always the squeaky clean country that some think.
Where there is money there is greed. Where there is greed there is crime.
In 2006 Japan had a record 113,860 filings of suspected money laundering. That's one filing EVERY MINUTE of a 9-5 workday throughout the year.
About 90% of the reports came from banks and another 10% from Japan Post.
In 2005, police arrested 112 in money laundering cases. More arrests will happen this year.
The U.S. is spearheading a crackdown on global money laundering and Japan is considered, by the U.S., has being lax in maintaining strict standards preventing the illegal practice.
It's time for Japan and others to stop airing out their dirty laundry.
What do you think?
